Cboe FX Market Data Protocols

Cboe FX provides market data via two different market data feeds (snapshots and event based), for customers to choose which feed is the most appropriate for their needs.

The snapshot feed can simplify development/integration with Cboe FX as the client application does not need to manage the internal state of the Cboe FX orderbook. The feed publishes a complete snapshot of the book of all available liquidity at a certain time interval, this interval is either 250ms or 50ms. It is possible to subscribe to a specific list of currency pairs upon connecting.

Market Data is published in a snapshot format via FIX Bookfeed API (50ms only). Market Data is also available in a streaming event based format Cboe FX ITCH.

Cboe FX ITCH consumes more bandwidth (9 Mbps) and requires that the client app manage the state of the Cboe FX book internally by applying events received over the feed. The advantage of this feed is that clients market data will be as accurate as possible and will not have the possible 50ms delay of the snapshot feed.


Cboe FX Trading Protocols

Order entry is available via FIX Proxy. All order entry connections support SSL encryption for security.

If you have multiple trading ids on Cboe FX it is important to ensure that your market data feed is correctly configured for your trading account, otherwise you will see liquidity that is unavailable to you.

In addition Cboe FX has integrated with many OMS vendors.


Post-Trade STP

Cboe FX provides a Post-Trade Drop Copy Feed for STP integration with back offices.
In addition Cboe FX has integrated with many STP vendors.


Cboe FX Colocation Service

Cboe FX provides a colocation service at Equinix.